WHY RATAN TATA IS NOT ON THE LIST

WHY RATAN TATA IS NOT ON THE LIST
>
> Here is a Real Story of Ratan Tata.
>
>
> So many people around the world want to know, "What is
> the Net Worth of Ratan Tata"?
>
> TATA Group is running 96 businesses and out of which 28
> Companies are publicly listed on various stock exchanges.
> Tata Group is world's top 50 Group according to Market
> capitalization and Reputation.
>
>
> Have you ever thought why Ratan Tata's name is not in
> the list of billionaire's club? Why Ratan Tata is not a
> billionaire on the Forbes magazine list of billionaire
> people of the world?
>
> The reason is that, TATA Group's 96 companies are held
> by its main Company "TATA Sons" and the main owner
> of this TATA Sons is not Ratan Tata but various charitable
> organizations developed and run by TATA Group. Out of
> which JRD TATA Trust & Sir Ratan Tata Trust are the
> main. 65% ownership of TATA Sons which is the key holding
> company of the other 96 TATA Group Companies is held by
> various charitable organizations.
>
>
> So this 65% ownership ownership of Tatasons Limited is not
> reflected on Ratan Tata's personal Financial
> Statement but on the various charitable organizations. And
> this is the reason why Ratan Tata is not in the list
> of Billionaire club.
>
>
> If we put this 65% ownership of Tata Sons in Ratan
> TATA's own personal financial statement then Ratan
> Tata's Net worth can become more than $70 billion.
>
> And that's much more than the Warren Buffet's
> Current Net Worth of $62 billion, the world's richest
> person according to Forbes magazine 2008.
>
>
> However, it doesn't mean that Ratan Tata is poor.
>
> In one interviews he had told the reporter that, "I
> have my own Capital".
>
> He is the chairman of Tata Group so obviously he earns lots
> of money every year as a bonus, remuneration and salary.
>
>
> However, Ratan Tata's Net worth is not $1 Billion.
>
> He is not a billionaire on paper. but in reality he is the
> richest person of the world.
>
> His net worth in reality is more than Bill Gates and
> Warren Buffet.
>
>
> SO the good thing about Tata Group is that, They do Charity
> out of their Money ...
>
> And that is the reason TATA Group has generated so much of
> Goodwill over last 5 generations.